TRA MAKES NEWS HAPPEN

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  CASE OF THE WEEK – Nonprofit Mergers and Acquisitions

  April 19, 2024 - Ensure smooth transitions in nonprofit mergers and acquisitions by understanding how they affect retirement plans. State laws govern these actions, with the MNCA adopted by most states. However, seek guidance from legal advisors familiar with state laws for each entity involved. Continue
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  Plan Sponsors Ask…

  April 16, 2024 - The Profit Sharing Council of America publishes an annual benchmarking survey of HSAs that offers a great deal of insight into employee engagement. Continue
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  CASE OF THE WEEK – The Social Security Earnings Test: Are IRA Assets Earnings?

  April 12, 2024 - Learn how the Social Security Earnings Test impacts those claiming benefits before full retirement age and working. Understand how earned income affects benefits, excluding IRA distributions and pension withdrawals. Continue
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  Playing the Long Game

  April 9, 2024 - As retirement planning evolves, different ways to think about it continue to emerge. One example of this is the concept of longevity literacy, which has gained prominence in recent years. Continue
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  CASE OF THE WEEK – When Might a Cash Balance Plan be a Good Fit?

  April 5, 2024 - Discover the essential traits that make a business owner a good fit for a cash balance plan. Learn how this plan, or a combination with a defined contribution plan, can offer substantial benefits. Ensure informed decisions with guidance from a tax professional on setting up a qualified retirement plan. Continue
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  Plan Sponsors Ask…

  April 2, 2024 - Demand for CITs continues to increase among small and midsize plans, according to a recent report from Sway Research. Defined contribution investment only firms surveyed by Sway estimate that 22% of current CIT sales are generated from plans with less than $50 million in assets, with another 23% coming from plans holding between $50 million and $100 million in assets. Continue
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  CASE OF THE WEEK – 1035 Exchanges

  March 29, 2024 - A 1035 exchange is a tax-free transfer of funds from one life insurance or annuity policy to another. It allows policyholders to swap their existing policy for a new one without incurring tax liabilities. While typically associated with life insurance and annuity contracts, it doesn't directly apply to 401(k) plans, which are retirement savings accounts sponsored by employers. However, certain annuity contracts within a 401(k) plan may be eligible for a 1035 exchange if they meet specific criteria outlined by the IRS. Continue
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  PRESS RELEASE – TRA Bolsters Distribution Team Across Rocky Mountain Region

  March 19, 2024 - Experienced Retirement Planning Consultant Elevates TRA Team APPLETON, WI (March 19, 2024) – The Retirement Advantage, Inc. (TRA), an independently owned, nationally recognized retirement services company, is thrilled to announce the addition of Chase Meitler to their team as the newest Regional Plan Consultant (RPC). Meitler will be responsible for overseeing a territory that includes Colorado, Montana, North & South Dakota, Nebraska and Wyoming, reporting... Continue
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  CASE OF THE WEEK – Remote Witness

  March 8, 2024 - In today's increasingly mobile world, plan participants have the flexibility to use compliant electronic media for making their elections and spousal consents, if permitted by the plan document. Continue
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  CASE OF THE WEEK – March 1st and Excess Salary Deferrals

  March 1, 2024 - Discover why March 1st holds significance for managing excess deferrals in a 401(k) plan. Contrary to common belief, corrections for excess deferrals typically need to be made by March 1st, not April 15th. Understand the importance of this date in ensuring compliance and avoiding penalties. Continue